Minggu, 07 April 2013

What your credit score your character

Many people take the importance of their credit rating as a grain of salt. They don’t understand that says that the ratings on them like a person.

Everyone wants their friends like and trust them. So special attention their actions with their friends. They gossip about their friends. Look for their friends and help them when they need something. They go out with them and you care about what their friends think of them. If you borrow something from their friends take good care of it and return it in good shape.

If a trusted friend their loans of money that they make sure to pay by the date they said they would. Friends usually don’t charge interest but friends expect that person to return the money, as they promised they would. When they then not usually friendship falls apart.

The way it comes to their friends about a character. Friends do not like to hang around or be associated with someone who is reliable and trustworthy.

Employers and your credit

The same goes for people who chose to take to work for them. They don’t want someone who is not going to be reliable and trustworthy. One of the ways they use to decide if you are a person with the font that displays these traits is to look at your credit report and scores.

If you don’t pay your debts or pay them on time, so you’re not the type person who wants to take on most employers. Because this shows that are not reliable. If you don’t think his reputation enough to repay the money they borrowed in good faith, then certainly do not care nothing about the company’s heritage, where they worked.

New creditors

In addition, new lenders want to know what kind of person you are. Also check your credit report and scores to determine if you are someone who has the kind of character that would give money.

If you don’t have debt repaid promptly in the past so why would like to do business with you. Other lenders have confidence in the past and let them down. Credit is not a gift; is a loan. The same as if your friend lent you money. If you don’t care enough about your character to keep your Word and pay back what he has given to you, so why a new lender wants to lend you more money.

Consumer loan

Some companies like credit card companies and mobile phone service providers will give you a second chance and allow some credit, but only if you pay the price for the higher interest rates and deposits. These companies realize you’re a person of poor character and are unreliable if you have a poor credit rating but it is taking a big risk by giving a low credit limit like say a mortgage company or car dealership.

Auto recovery

Many people feel like they just left their cars back to the car dealership when they can’t pay and all is forgiven. It is not true. Even when you give up car is still considered a recovery. This goes on your credit report. If I buy a car and do not make payments that agreed to pay so this speaks negatively to your character.

Home foreclosure

People who don’t make their house payments and allow the mortgagee to foreclose their home depicts a person that others don’t want to do business with in the future.

The roof over your head is the most important thing on your budget. If you don’t manage your money in such a way as to keep a roof over your head, so this speaks to your character.

Failing to pay the rent

Many renters are expected to leave their apartments-behind and then leave without pay that I can just go rent somewhere else. Or worse yet they sit there until they are actually evicted and then go and from another landlord rent.

Many tenants will be a judgment against such tenants file type and if not paid will eventually have their wages garnisheed to collect money owed them. These judgments are deposited on a credit report and to bring down those credit scores. Prospective owners will avoid these people like the plague.

Don’t be a person of poor character

Although you have shown yourself to be a person of poor character in the past does not have to be that way the rest of your life. Start paying your debt on time that others have entrusted to you.